merry xmas all .... im picking rally into yr end. hope so anyway
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merry xmas all .... im picking rally into yr end. hope so anyway
Just reading this article from May this year re the ballooning US Federal debt.
If the chart had maintained its projection from about 2000 US Federal Debt would be around $12Tln in stead of the current $33Tln. Federal Government debt in the US has doubled in the last 10 years.
What's also interesting is in the article they mention the only way to fix the debt spiral is slashing social security or health spending by 30% or increasing tax revenue by 40%.
No mention of slashing defence spending which is a significant part of the budget.
https://abcnews.go.com/Politics/us-n...%20over%20time.
'For some reason, people take their cues from price action, rather than from value'
Reform healthcare to remove insurance and added beaueaucracy.
Or do medical research to eliminate costly conditions like alzheimers & raise the retirement age.
Reform defence so it's tiny (and affordable) drones and missiles instead of costly large vessels vulnerable to these "innovative" solutions.
In terms of the stock market the economic environment in the US entering into the "goldilocks zone".
No recession at all (unlike what was predicted), jobless rate excellent, 10 year yield returning to normal AND inflation down with seemingly no costs.
https://www.nzherald.co.nz/business/...ONZHS7QV6AJWE/
Important part is he opining 1 year mortgage rate being almost 2% down by Oct 2024 ...from 7.39% to 5.5% ...that will be some reduction of rates in 10 months !!!